[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR740.4]



[Page 595-596]

 

                       TITLE 12--BANKS AND BANKING

 

            CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION

 

PART 740_ACCURACY OF ADVERTISING AND NOTICE OF INSURED STATUS--Table 

of Contents

 

Sec. 740.4  Requirements for the official sign.



    (a) Each insured credit union must continuously display the official 

sign described in paragraph (b) of this section at each station or 

window where insured account funds or deposits are normally received in 

its principal place of business and in all its branches, 30 days after 

its first day of operation as an insured credit union. Each insured 

credit union must also display the official sign on its Internet page, 

if any, where it accepts deposits or open accounts, but it may vary the 

font sizes from that depicted in paragraph (b) of this section to ensure 

its legibility.

    (b) The official sign shall be as depicted below:

    [GRAPHIC] [TIFF OMITTED] TR02MY03.009

    

    (1) NCUA will automatically supply all insured credit unions an 

initial supply of official signs with a blue background and white 

lettering at no cost for compliance with paragraph (a) of this section. 

If the initial supply is not adequate, the insured credit unions must 

immediately request additional signs from NCUA. Any credit union that 

does not have an adequate supply but requests additional signs from NCUA 

will not be considered to have violated paragraph (a) of this section 

unless the credit union fails to display the signs after receiving them.

    (2) Insured credit unions may purchase additional signs from 

commercial suppliers in additional colors, materials and sizes, for uses 

other than those required by paragraph (a) of this section.

    (c) An insured credit union must not receive account funds at any 

teller's station or window where any noninsured credit union or 

institution receives deposits. Excepted from this



[[Page 596]]



prohibition are credit union centers, service centers, or branches 

servicing more than one credit union where only some of the credit 

unions are insured by the NCUA. In such instances, immediately above or 

beside each official sign there must be another sign stating, ``Only the 

following credit unions serviced by this facility are federally insured 

by the NCUA --'' (the full name of each credit union insured will follow 

the word NCUA). The lettering must be of such size and print to be 

clearly legible to all members conducting share or share deposit 

transactions.

    (d) The Board may require any insured credit union, upon at least 30 

days' written notice, to change the wording of its official signs in a 

manner deemed necessary for the protection of shareholders or others.

    (e) For purposes of this section, the terms ``branch,'' ``station,'' 

``teller station,'' and ``window'' do not include automated teller 

machines or point of sale terminals.